Focus on Seed and Series A. At Crescent Capital BDC, Inc., we promise to treat your data with respect and will not share your information with any third party. Based in New York, Mr. Harari is responsible for developing and executing Crescents strategic sales and marketing plan for clients and assets, including identifying potential new investors, developing and maintaining client relationships, designing new investment solutions and managing Crescents investor relations and client solutions team. WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total amount raised at IPO of all the organizations associated with this hub, Median amount raised at IPO of all the organizations associated with this hub, Total valuation at IPO of all the organizations associated with this hub, Median valuation at IPO of all the organizations associated with this hub, Average date at which organizations in this hub went public, Percentage of organizations in this hub that have removed their stock from the stock exchange. Net realized losses were less than $0.05 per share. Using market interest rates at year-end, weighted average interest coverage for the total portfolio was 1.9x. A couple of reminders as it relates to the transaction. Crescent is the most active Private Equity investor in industrial companies in Australia, having invested in 11 industrial businesses over the last 4 funds. Speaking on todays call will be CCAPs President and Chief Executive Officer; Jason Breaux; Chief Financial Officer, Gerhard Lombard; and Managing Director, Henry Chung. How much aggregate funding have these organizations raised over time?
Crescent Capital Partners Investor Profile: Portfolio & Exits | PitchBook Crescent Capital Group LP has closed its eighth private credit fund at $8 billion. As you can see on the right-hand side of the slide, we have a low level of debt maturities over the next few years with $150 million maturity related to our 5.95% unsecured notes in July 2023. Offerings across the credit quality spectrum You can get rich by returning 20% per year and compounding that for several years. Total investment income again reached its highest level since inception and recurring yield related investment income continues to grow in both absolute dollars and as a percentage of our total revenue, which Gerhard will provide more color on.
Crescent Capital Consulting, LLC Buys iShares TIPS Bond ETF - Yahoo! This increase was driven primarily by rising base rates and higher spreads. Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call Transcript February 23, 2023.
Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results Discover more about our company and values.
Crescent Capital Group - Wikipedia With deep in house expertise, we provide the support to accelerate growth creation in our portfolio companies. Or was it a more normal course of business add-ons or growth or whatever? Gerhard Lombard: Thanks, Henry, and good morning, everyone. Crescent has achieved strong success in Financial Services, with expertise in creating value through organic growth, acquisitions and geographical expansion into Asia. We are headquartered in Los Angeles with offices in New York, Boston, Chicago, and London. Not the case? We have a track record of expanding Australian businesses into Asia with over 50% of portfolio companies having an Asian presence. .
Stock Market | FinancialContent Business Page There are significant risks that should be considered and reviewed when considering an investment in real estate. All rights reserved. On a GAAP basis, fourth quarter net investment income per share was $0.52. Diversification will not guarantee profitability or protection against loss.
Crescent Capital BDC, Inc. (NASDAQ:CCAP) Q4 2022 Earnings Call ET. And a big driver of that is that the if you look back at the historical left grid balance sheet, theyve historically had a bit higher leverage than us. Finally, for the first quarter of 2023, our Board declared a $0.41 per share quarterly cash dividend, which will be paid on April 17, 2023, to stockholders of record as of March 31, 2023. And on March 7, First Eagle is conducting a special meeting of its stockholders whereby they will be asked to adopt the agreement and plan a merger. LP investments in high-growth and distressed companies in the United States and abroad. bdcir@crescentcap.com. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. Crescent has launched and fully invested the first energy-focused private equity fund in Turkey. Through our deep inhouse expertise assisting emerging and growth companies across Australia and New Zealand since 2000, we have raised over $3bn across six funds and completed more than 45 foundation investments and assisted our portfolio companies with over 150 follow-on acquisitions. Guidance First, we are targeting the closing of our announced merger with First Eagle BDC this quarter. Crescent Capital Partners invests in companies and sectors with growth potential within Australia & New Zealand or internationally. For example S&P 500 Index returned 43.4% in 1958. We believe that we benefit from years of experience managing below investment grade bank loans and debt securities over multiple economic and market cycles. Mr. Harari added, "Crescent has a multi-decade history of outstanding team continuity and investment focus in both public and private credit.
List of top Crescent Capital Portfolio Companies - CrunchBase Crescent Capital - Crunchbase Investor Profile & Investments For over 30 years, the firm has focused on below investment grade credit through strategies that invest in marketable and privately originated debt securities including senior bank loans, high yield bonds, and private senior, unitranche, and junior debt securities. Crescent BDC's portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. It has a well-diversified portfolio and is unique in that it also has international exposure. LOS ANGELES, February 28, 2023--Crescent Capital Group LP, a leading alternative credit investment firm, announced today that Jonathan Harari has joined the company as Global Head of its Investor . We believe this is an important distinction to highlight for shareholders in a volatile market environment. Heres an airasia flight discount BigPay users can benefit from for 2023, High Airfares Are Here to Stay, AirAsias Fernandes Says. CCS Fund VIII Becomes Largest Capital Raise in Crescent's History. Crescent Capital is a Belfast based venture capital fund manager We immerse ourselves in your business Experience With our experience and knowledge we can unlock the full potential of your business. This situates us well to benefit from increases in base rates above our average floors as is the case this quarter with continued growth in our interest income line item. This means the bullish number of . He began his investing career at Focus Partners, LLP, a Singapore-based long/short equity hedge fund focused on Southeast Asia. Crescent BDCs portfolio, at any given point in time, may be comprised of some, all or none of the asset types shown. After that, there are no remaining term maturities until 2026. Weve generated significant investment income in the form of fees, dividends and accelerated amortization of OID from the Alcentra portfolio over close to the last two years having realized 136% of our cost basis with approximately $22 million of unrealized value remaining. While we do anticipate further market volatility and the potential for spread widening as the cycle progresses, we feel good about our current portfolio, and we remain very excited about the First Eagle BDC transaction as we further enhance our scale and position. Consistent with Crescents track record of investing through cycles over the past 30-plus years, we believe we have constructed a portfolio that consists of companies that are adequately capitalized to address the current macroeconomic environment and have taken a proactive approach to bolstering liquidity in select situations where it may be warranted.
Sun Life-backed Crescent targets $6bn for two private debt funds Average Retirement Savings By Age: Are You Normal? Jason Breaux: Yes. Operator: Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. Thank you, operator. As of year-end, consistent with the prior quarter, we had investments in four portfolio companies on nonaccrual status, representing 2.0% and 1.2% of our total debt investments at cost and fair value, respectively. Please go ahead. ", "It has been Crescents human capital that has been most valuable to us. Crescent Capital focuses on acquiring multi-family real estate in high-growth secondary and tertiary markets throughout the Sun Belt. We initially share this idea in October 2018 and the stock already returned more than 150%. That being said, the broader Crescent private credit platform remained active with over $800 million of capital committed to new portfolio investments during the fourth quarter and over $5.5 billion for the full year.
Founder, Chief Executive Officer and Managing Director, Chief Financial Officer & Investment Executive, Youre viewing 10 of 67 investments. We are proud to have globally leading NPS scores with our executive partners.
Crescent Capital is a Belfast based venture capital fund manager A couple more worth highlighting. Venture Capital Portfolio. 2023 Crescent Capital Group LP. Home - Crescent Capital Investments Earn Accelerated Returns Through Multi-Family Real Estate About Us Discover more about our company and values. The fund was more than double the size of . Video: Paul Wappett, CEO Australian Institute of Business. Importantly, we generated net realized gains for the full year 2022, delivering positive realized gains in excess of our losses. Thank you! While the higher rate environment is certainly beneficial from an earnings perspective, we are also cognizant of the fact that it is generally correlated with a slower U.S. economy which together can create more stress in the portfolio. So lets begin. That being said, the broader Crescent private credit platform remained active with over $800 million of capital committed to new portfolio investments during the fourth quarter and over $5.5 . UAE-Based Edtech Startup Ostaz Is On A Mission To Become A One-Stop-Shop For Education, AirAsias Tony Fernandes Refocuses Back on a Superapp Just for Travel, Malaysia Healthcare Partners with AirAsia, Air India Express, AirAsia begin merger drill, MiL.k launched its first global point exchange service with airasia, Datactics Jamie Gordon on Big Financial Institutions and their Messy Datasets. Through our deep inhouse expertise assisting emerging and growth companies across Australia and New Zealand since 2000, we have raised over $3bn across six funds and completed more than 45 foundation investments and assisted our portfolio companies with over 150 follow-on acquisitions. For the year ended December 31, 2022, the Company invested $308.0 million across 20 new portfolio companies, 31 existing portfolio companies and several follow-on revolver and delayed draw fundings. bdcir@crescentcap.com. The Crescent Capital IV Development Fund was launched amid much fanfare 18 months ago to build on the success of forerunner funds, from which some of Northern Ireland's most exciting.
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